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16 Cards in this Set
- Front
- Back
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(Ch. 16) 3 things about penny stock cold calling rule
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suitibility stmt req'd disclosure stmt monthly acct stmt
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(Ch. 16) 3 types of invest co's
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1-face amt cert co's 2-unit invest trusts 3-mgmt co's
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(Ch. 16) exception to penny stock cold call rule
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custy acct > 12 mos or 3 diff penny stock transactions
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(Ch. 16) penalties for insider trading act of '98
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up to greater of $1mil of or 3x profit and/or loss avoided
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(Ch. 16) what 2 things does invest co act of '40 require
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clear invest obj and min 100k assets w/ 100 s/holders
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(Ch. 16) what act chartered the nasd as the sro of the otc
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maloney act
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(Ch. 16) what act regulates bonds
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trust indenture of '39
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(Ch. 16) what are size req for trust indenture
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$5mil issued in 12 mos or mature greater than 9 mos
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(Ch. 16) what does invest act of '40 do
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require reg of people who receive fees for invest advice
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(Ch. 16) what is uniform securities act
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blue sky laws… registration at state
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(Ch. 17) 4 parts of nasd manual
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1-conduct rules 2-uniform practice code 3-code of procedure 4-code of arbitration
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(Ch. 17) code of arbitration statute of lim
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6 yrs
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(Ch. 17) re code of procedure -respond time? -decision time?
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respon 25 days decision 45 days
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(Ch. 17) re minor rule violation -max fine? -appeal time?
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max fine $2500 appeal w/i 25 days
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(Ch. 17) what do principals do? how many min per firm?
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approve all accts and transations… min 3 per firm
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(Ch. 17) what is simplified arbitration
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for $25k w/ just 1 arbitrator
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